| Element List | Explanation |
|---|---|
| Introduction | SAL Saudi Logistics Services Company announces the formation of the Audit Committee for the Board of Directors term starting on 30 March 2026 (corresponding to 11 Shawwal 1447 AH), based on Board of Directors resolution, as follows. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Zaid Abdulrahman Algwaiz (Chairman) |
| Membership Start Date | 2026-04-02 Corresponding to 1447-10-14 |
| Brief Resume of the Appointed Member | Mr. Zaid Algwaiz is an experienced leader with strong expertise in governance, audit, and risk management across financial and investment sectors. He has held senior roles in listed companies and PIF-owned entities, strengthening his oversight capabilities. With over thirty years in accounting and finance, he brings solid technical and strategic depth. He has enhanced governance frameworks and improved the effectiveness of audit and risk committees. Recognized for his clear leadership style, disciplined execution, and strategic vision. He was also known for his clear leadership style and his ability to manage committees efficiently with discipline. Mr. Zaid is considered one of the national talents who combines practical experience with strategic vision. |
| The date of the approval by other official authorities | Not Applicable |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Rasheed Abdulrahman Alrasheed (Member) |
| Membership Start Date | 2026-04-02 Corresponding to 1447-10-14 |
| Brief Resume of the Appointed Member | Mr. Rashid Al-Rashid has extensive executive experience in the fields of logistics, infrastructure and financial services. He currently serves as Chairman of Al Ramz Real Estate and holds board roles at SAL Logistics, Tarabot Investment and Development, Tarabot Air Cargo, and Saudia Cargo. With a strong background in risk management and investment strategy, he has contributed to diverse sectors, including telecommunications and district cooling. His leadership has been pivotal in advancing infrastructure development across Saudi Arabia. He holds a Higher Diploma in Management Information Technology Systems from King Saud University. |
| The date of the approval by other official authorities | Not Applicable |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Fahad Abdullah Moussa (Member) |
| Membership Start Date | 2026-04-02 Corresponding to 1447-10-14 |
| Brief Resume of the Appointed Member | Mr. Fahad Moussa is an expert in the fields of finance and investment and has more than 20 years of experience in the banking, aviation and logistics sectors. He leads investment strategy at Saudi Arabian Airlines Corporation and sits on the boards of SAL Saudi Logistics, Catrion, Alinma Investment, and others. His expertise spans private equity, corporate governance, and M&A. Formerly, he held leadership roles at National Commercial Bank and NATPET. Known for promoting accountability and value creation across sectors, he supports strategic alignment with national priorities. He also holds a degree in Finance from King Fahd University of Petroleum and Minerals. |
| The date of the approval by other official authorities | Not Applicable |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Faisal Saeed Sabbagh (Member - External) |
| Membership Start Date | 2026-04-02 Corresponding to 1447-10-14 |
| Brief Resume of the Appointed Member | Mr. Faisal Sabbagh has over 25 years of experience in financial transformation, strategic vision, and stakeholder management as a financial leader. He also serves as Executive Vice President of Finance and Services – Group CFO at Saudia Airlines, where he leads key initiatives aligned with Vision 2030, including leadership development, process improvement, digital transformation, and financing strategies. His career spans key executive roles across aviation, banking, and finance, along with board and audit committee memberships in several Saudia Group companies and the IATA Industry Financial Advisory Council (IFAC). |
| The date of the approval by other official authorities | Not Applicable |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2026-04-02 Corresponding to 1447-10-14 |
| Additional Information | For further inquiries, please contact the Investor Relations Department via email at: Investor.Relations@sal.sa |
